STOCKS | Longsys (09976) Set To List Tomorrow As Grey Market Slips Below IPO Price

Longsys (09976) is due to list tomorrow, and its grey market price fell below the IPO price, according to ETNet. Phillip Securities' grey market closed at HK$234.4, 0.7% below the HK$236 offer price shown by the firm, implying a paper loss of HK$80 per board lot of 50 shares before fees. Bright Smart's grey market was at HK$233.4, 1.1% below the same offer price, implying a paper loss of HK$130 per board lot before fees.